The Malaysia airlines cancellation policy offers flexibility depending on your ticket type. Refunds can be requested by the travelers with refundable tickets usually after paying a modest cost. If a non refundable ticket is canceled the fare will be lost however taxes and some fees might be reimbursed. Malaysia Airlines offers complete refunds for most tickets if you need to cancel within 24 hours of purchasing them, provided the flight is at least seven days away. Always verify the exact terms of your ticket class as regulations sometimes change. It is also advised to purchase travel insurance to guard against unplanned cancellations.